Seniors Prescription Drug Relief Act
- Last Action
- 7/13/2021
Actions
- 2021-07-13Read twice and referred to the Committee on Finance.
- 2021-07-13Introduced in Senate
CRS Summary
As of 2021-07-13 (00)
Seniors Prescription Drug Relief Act
This bill establishes and alters several programs and requirements relating to the prices of prescription drugs under Medicare.
For example, the bill caps annual out-of-pocket spending under the Medicare prescription drug benefit. It also establishes (1) a program under which drug manufacturers must, subject to civil penalties, provide discounts for covered drugs for beneficiaries who have incurred costs above the annual deductible; and (2) a process through which certain beneficiaries may have their monthly out-of-pocket costs capped and paid in monthly installments.
Cosponsors (1)
- Robert Menendez (D-NJ)
Subjects
- Accounting and auditing
- Administrative law and regulatory procedures
- Alternative dispute resolution, mediation, arbitration
- Civil actions and liability
- Department of Health and Human Services
- Health care costs and insurance
- Health care coverage and access
- Inflation and prices
- Manufacturing
- Medicare
- Prescription drugs
- Public contracts and procurement
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.